Guinness Asset Management Ltd raised its position in WisdomTree Investments, Inc. (NASDAQ:WETF) by 15.3% during the second quarter, Holdings Channel reports. The firm owned 354,530 shares of the asset manager’s stock after buying an additional 47,000 shares during the period. Guinness Asset Management Ltd’s holdings in WisdomTree Investments were worth $3,606,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of WETF. State of Alaska Department of Revenue purchased a new stake in WisdomTree Investments during the first quarter worth $115,000. Capstone Asset Management Co. purchased a new stake in WisdomTree Investments during the first quarter worth $120,000. Tudor Investment Corp ET AL purchased a new stake in WisdomTree Investments during the first quarter worth $123,000. Clifford Swan Investment Counsel LLC purchased a new stake in WisdomTree Investments during the first quarter worth $191,000. Finally, GSA Capital Partners LLP boosted its stake in WisdomTree Investments by 0.8% in the fourth quarter. GSA Capital Partners LLP now owns 17,544 shares of the asset manager’s stock worth $195,000 after buying an additional 144 shares during the period. 95.28% of the stock is currently owned by institutional investors.
WisdomTree Investments, Inc. (NASDAQ:WETF) traded up 1.587% during mid-day trading on Monday, hitting $10.687. 792,236 shares of the company were exchanged. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 71.247 and a beta of 3.10. The stock’s 50 day moving average is $9.69 and its 200-day moving average is $9.70. WisdomTree Investments, Inc. has a 12-month low of $7.87 and a 12-month high of $13.32.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings results on Friday, April 28th. The asset manager reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.01. WisdomTree Investments had a return on equity of 11.15% and a net margin of 9.83%. The business had revenue of $54.60 million during the quarter, compared to analysts’ expectations of $53.38 million. During the same period in the previous year, the business posted $0.09 earnings per share. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. Equities research analysts predict that WisdomTree Investments, Inc. will post $0.24 EPS for the current year.
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A number of analysts recently weighed in on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $14.00 price objective on shares of WisdomTree Investments in a report on Wednesday, June 28th. Zacks Investment Research raised shares of WisdomTree Investments from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Tuesday, July 4th. BidaskClub raised shares of WisdomTree Investments from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $8.00 price objective on shares of WisdomTree Investments in a report on Monday, April 10th. Finally, Goldman Sachs Group, Inc. (The) increased their price objective on shares of WisdomTree Investments from $7.00 to $8.00 and gave the stock a “sell” rating in a report on Wednesday, March 15th. Three investment analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $10.36.
WisdomTree Investments Company Profile
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes funds that track its own indexes, funds that track third party indexes and actively managed funds. It operates as an exchange traded products sponsor and asset manager providing investment advisory services in the United States, Europe, Canada and Japan.
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